Float Protocol
A stablecoin that protects your purchasing power by floating.
$1,000 from May 2020 has the same buying power as $952 in May 2021 (source bls.gov). You have lost 4.7% in your "stablecoin", even though you still have $1,000.
Unlike most "stablecoins", whilst FLOAT is designed to have significantly lower volatility than most cryptocurrencies, it is not designed to hold its price at $1.00. Instead, like fiat currencies, it is designed to float and change value over time according to what you can do with 1 FLOAT, but without an inflationary monetary policy. We at Float Protocol, think cryptocurrency can do better. 1,000 FLOAT today is designed to give you the same crypto purchasing power as 1,000 FLOAT in a year.
Last modified 3mo ago
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